The European Commission confirmed granting to Romania 483.8 million euros through the program REACT-EU. Of that amount, 283.8 million euros are meant to supply hospitals, social centers and schools in the context of the Covid crisis, Cristian Ghinea, the minister of European Investments and Projects announced on Facebook on Thursday. “It is official , we will receive European funds of 483,8 million euros to equip hospitals, social centers and schools, in the Covid 19 crisis and for energy projects in the mechanism REACT-EU. We received confirmation from EC last night. The money will go to projects in the Big Infrastructure Program, meant for health in the Covid context, and for those of energy efficiency and renewable energy. There will also be other financing approvals in REACT-EU, for 1.32 billion euros for 2021,” Ghinea said. The minister for European Investments and Projects explained that in the overall allocations approved, 200 million euros are meant for increasing energy efficiency and using renewable energy sources. “The 483.8 million euros approved last night refer to: 283.8 million euros for health – equipping hospitals, social centers and schools, in the Covid 19 pandemic; 200 million euros for increasing energy efficiency and using renewable energy sources,” Ghinea added. He pointed out that other EC approvals for financing within REACT-EU program are expected in the weeks to come. “In the following weeks REACT EU financing will be approved for 2021 and for competitiveness Operational Program -550 million euros; Human Capital Operational Program -234 million euros; Helping Less Favored People Program -56 million euros,” Ghinea concluded.
Crin Antonescu, the former leader of the Liberal Party (PNL) and interim president during Traian Băsescu's suspension in 2012, could become the joint candidate of the Social Democrats (PSD) and Liberals (PNL) in the presidential elections to be held in the spring. The only politician who has firmly announced his candidacy so far is the […]
The Social Democrats (PSD), Liberals (PNL), and Hungarian party UDMR were, at the end of December 22, close to agreeing over the share of the ministries in a joint cabinet to be appointed before the end of the year, such as to enact the quasi-austerity package of fiscal corrective measures already inked by the Ministry […]
Romania's gas consumption will increase by 10 billion cubic meters in the next 3-4 years, which practically means a doubling of current consumption, according to the National Gas System Development Plan 2024 - 2033 drafted by the operator of the country's gas transport system, Transgaz. The additional source of gas would come from the Black […]
The government of Romania has approved an emergency ordinance (OUG) initiated by the Ministry of Energy with legislative amendments that allow ministries to increase their stakes in companies in which they are majority or minority shareholders in order to prevent their "hostile takeover" or "decapitalization," according to Profit.ro and
A draft ordinance inked by the Finance Ministry and consulted by Economedia.ro establishes the framework for fiscal measures to be applied in 2025, envisaging that state pensions, special pensions, and salaries...
Romanian president Klaus Iohannis has submitted a notification of unconstitutionality to the Constitutional Court regarding a controversial law approving Government Emergency Ordinance OUG 107/2024, which outlines fiscal-budgetary measures for addressing budgetary receivables and Romania's general consolidated budget deficit for 2024. The Presidential Administration announced the submission on Friday, December 20. The fiscal amnesty brought RON […]
